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Consolidated Balance Sheet - Unaudited - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 18,842 $ 33,095
Interest earning deposits 237,390 179,410
Cash and cash equivalents 256,232 212,505
Investment securities available for sale, at fair value 712,657 595,876
Loans held for sale (includes $1,388 and $2,130, respectively, at fair value) 450,157 486,328
Loans receivable, mortgage warehouse, at fair value 2,518,012 2,245,758
Loans and leases receivable 7,353,262 7,318,988
Allowance for credit losses on loans and leases (149,283) (56,379)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 9,721,991 9,508,367
FHLB, Federal Reserve Bank, and other restricted stock 87,140 84,214
Accrued interest receivable 40,570 38,072
Bank premises and equipment, net 8,890 9,389
Bank-owned life insurance 273,576 272,546
Other real estate owned 131 173
Goodwill and other intangibles 14,870 15,195
Other assets 452,585 298,052
Total assets 12,018,799 11,520,717
Deposits:    
Demand, non-interest bearing 1,435,151 1,343,391
Interest bearing 6,978,492 7,305,545
Total deposits 8,413,643 8,648,936
FRB advances 175,000 0
Federal funds purchased 705,000 538,000
FHLB advances 1,260,000 850,000
Other borrowings 123,732 123,630
Subordinated debt 181,185 181,115
Accrued interest payable and other liabilities 195,603 126,241
Total liabilities 11,054,163 10,467,922
Commitments and contingencies (NOTE 14)
Shareholders’ equity:    
Preferred stock, par value $1.00 per share; liquidation preference $25.00 per share; 100,000,000 shares authorized, 9,000,000 shares issued and outstanding as of March 31, 2020 and December 31, 2019 217,471 217,471
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 32,750,645 and 32,614,410 shares issued as of March 31, 2020 and December 31, 2019; 31,470,026 and 31,336,791 shares outstanding as of March 31, 2020 and December 31, 2019 32,751 32,617
Additional paid in capital 446,840 444,218
Retained earnings 319,529 381,519
Accumulated other comprehensive loss, net (30,175) (1,250)
Treasury stock, at cost (1,280,619 shares as of March 31, 2020 and December 31, 2019) (21,780) (21,780)
Total shareholders’ equity 964,636 1,052,795
Total liabilities and shareholders’ equity $ 12,018,799 $ 11,520,717